A blog focused on educating global physical energy commodities participants on evolving financial, regulatory and marketing developments in the Asian commodities markets including use of cryptocurrencies in physical commodities trading. This blog seeks to educate market participants only and does not constitute financial advice.
Friday, 19 April 2013
How to use the downfall of gold to your advantage
Already invested in Gold and don't know what to do? A number of options are available depending on how you are invested in Gold. If you have physical Gold - coins, bars, medallions, etc. - do nothing. In this instance you are using physical Gold as a holder of value and that's what it will continue to do albeit not as much value as before. If you have Gold in the form of shares in a Gold or Gold underpinning fund, best to move this move fund into a retirement account as a diversifying asset class to your retirement portfolio. In any case there is no need to panic and sell on the downturn.
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